HomeMy WebLinkAbout1987 Sept. 11 ?5 Sept. 20 80 12 4T8.20 ~ -
Nel~ No. Dat~ . 1! Du~ t. 19 f ~
- • to~n TNna: ;
_ - - - - - - P,«..d, ~~..loj.ooo~ oo ~ :
~ SD~?Y MONTHS Nr~uNU i._?~.459. 45 - ~
~ft~r d~h tM und~r:iqMd, Ikr~iMfhf ~ C~11~ MikN, iointly and sw~r~qy CNARf3~ -
p~omis~(s) fw v~lw no~iwd to paY ro th~ ord~~ o~ lieM Nati~wal ~awic ~i oocwn~n~«y 18.?5_
ie~1 MKCS hKtinahK t~ll~d Bank, at iK oKin ~t hA NKe~, i1KN~ tM sum S~a~s . '
of (rotal of paY~++n) .T.1lkELUE T~~~?IIS~A~III-~•C~~I~L-..-..---. G~di~ lih (or lih ' ~
HUND~~.~~~~~Fi~G~~~~-~~~~QQ~~..~_ 3Disa~ili~y)Ins.i 1
hK~it it~)
o~i.n In~eres~ 2 44 45 ~
wiM im.e..t th.~.on N d,. r.» of 2~. 00 _....__.._x v~ +rn+un+. p.~?.a. :n -
redit Inve at.~ 10~~ 00 ~
~Q_.:.:. inonH+N instdlnnen o1 i~:QZ..42---._. ~adr on eM a~..__ day of ~ :
.
~ach woondw mo~th cann~+dnp on = - ~
_ ' ;
~Z_.-19~~. top~tMr with AMOUNT . _ f
~ BALLOON PAYMENT Of _ pw 19 ~
A fin~ canpul~ at fM ~aN of i.OS pM i1.00 on ~ch installen~nt In d~fault for • HNANC~ i--•~.?.~•~-
a pNiod i~r ~,coas of 10 days ma'f? b~ ei~p~d ~M M~kK No wch fin~ sh~U ~xcwd StP+?ahh ~d =.......N....- . Q... Q~
tS.oo. ~ M.t.. is n~i..d w vw aA oo.~s oE tdl~cfiw+. t~dudino . h..w+.bl~ .t~- Re~`f~iSK ~s!) 2
4 ~ _
n~y's f~a iE rafKnd for aoll~fon w Ip~l P~oa~elinp~- _ All psyen~ms, wh~tM~ prlro
a w i, i o r o~... a ~ o.~?«
I d~. ti. u e... i~ i o x a« t
a g i b l e T a x s._._...._._.....~.
4_... .
d.» ~a. ~n ~h ~,.d. i,...~a...h.u b. ~..d~»d ~ ~u+wu r~c~nw a?n ~Q,q~ - _ . _ _ . { .
fiest b inN.~. tMn ro ~awtut d w r
q. s Nrn aaawd...nd taa a a~da~. . _
~ If tM Io~n 4p~p~~ in.1u11, aoalK~hd oi- nfinanad. tF~
1M~br sFwll as of tM d~ of wch w~nt rso~iw wc~h r~iw+d oi th~ w~- -
_ ~arrNd Pohion of tlw ~cr~dit lif~ (tisut«~ pseniwn ~nd fieMiC+~ tMt~ aed suth o11+K tndit a maY b~ r~quind by law er as ma~l b~
- n~as~ary ~o avoid vswl?. Pro+~idd fhat th~ Holel~renry nqin ~ mtmmuen Hnar~ eha~ of t4S.00. wM~Mr or not eti+Mwik ~am~d, '
- and ~~eapt ie 11~ ca~ of ~ nfin~ndnp. no finano~ ch~eq~ or pwniwn refued sh~li b~ mad~ ii N aneunb 1e 1~ 1Mn i1.00. Rs~
~n
•of ~ty•mi~wnun~ Rn~ sh~ILb~ in addffion to ~evitia tharq~_if ~ny--MM lanpup~ ~I~awMn Mnin fo M+~ coMraty ~o1wilMt
~ _ - . . n~+tMrdtnlt nor an~r hold~t h~nwf shdF ~o~iv~ or: nqin.+nf? d+~r9a or ~ inlKasf not.dlow~d by law. - - . _ _ ~ ~ .
= - ~ _ - - As s~uii~fr-fot~ tb?
pirw~t of N~is iwR' Mal~ !?M pbdp~d oi d~Po~iNd wi~h-8ink N» fol lowi~q prop~l~n - - ~ - - - ~ . _ .
'_,_$~;L`ESTATE_MOR2GAGE-AS ADDITIONAI:'COLLA2ERAL~_~__~.~__~_~.~ -
~ ~~~~~~~~~~~~~N~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~• ~ ~
_~~Caidudtnp..ICcah. ~~odc .nd aN+.c dA?~a ~+d .ti riqMs a.si+b,crib~ ro. ~cvriri~. rncid.m ro, d.d.nd a q..n»d te aon+.ctias with .
suchp~op~rf~r~ whidt ProPKb. whh al! additions a~d svbsfi~:=ms !N?NfNr pldp~d or d~positrd wtth d~nk Is ull~d th~ Col- i
- --1N~e~F: •Th~ Co11NMr1 i~•aIw pNdp~d ~?a~ewi~y for all oN»r liabilili~s ta B~nlc. (P~ry. s~oondan?. dint*. oontMQ~M. sa'e; joint-or: :
- - s~reral~ du~ o?-b b~oon» dw ot-which n+ay b~ Mna(t~? aontncted w aeq~~ind, of ~ach M~kM (ar d~ach MakN ~nd an~? a1Ms P~~.- -
- --sae~ ~?M.lueew+elw of tMt no1~~uP~ PM~+~ or oTh~nwi~: ~hall_not aff~ef th~ ripht of oank ro nqin tM CollaNr~t iw sud~ atl?u
_ liabiliti~ - _ _ ~ _ . _ _ - - - - - ~ - - ~ - . . _ . .
' CR~IT`LIFE /?NO CR~ UEf d~ OISIIBILIiY INSURANCE ARE VOtUNTARY ANO NOT RE~tJIR~ FOR tREDIT. Sud~ irounno~ - t
- oovKaqa is wail~bl~ ~f the .aoq d~sqn~l~d b~low far th~ t~ren of th~ cndit: (a) i • ~ ~ ~ _ ~ - ~ ~ ~ ~ ~ for Cr~dit lib k~- '
~+o. Nrs ro~ cna~< a a~.aifi, i~~.~.: ~
a,.dc _ - - - _ . . . . . _ - - _ _ -
~ . : p G.dit Lir. h~ax.no. is d~aind a? N+. ~i~. of - . . . - - - - . - - _ - - _
_ _ . - - _ ~ ~ . . - - - - - , _ . _
• - -
. - - . . - -
" ~ p GrdN ub i Di~.biliA? Inw~ana b dnir.d on - _ - _ f
- . . - - - - .
_ _ - - - _ - - - - dirNdw - - - - _ _ i
= ' ~ S Grdit Uh and/or Di~ability ~I~ts~?r~~a is no d i~d. _ - . - . . -
_ p~:~ept-~ 11, ~19a5 ~ sq~,.,,K, - - - ~ - - _ _ - r: '
_ - _ ` - ' . - - . stq~.+w. . - - - - ' - ~ - _ ' ` ~
_ AddHton~ b. ndudiona-or ~cchanp~a-of, or st~batitutiona far th~ Collat~ral, p~ynwnb on aacoum of thii loan or inu~aws d th~
s~n»?orah~. ~wns rnada oareialN « w~w~N upon N~. Cd~.ww~, m~y hom tirt~ to tim~ b~ m~ without afhelinq th~ povisions
ef this na~: 8~rd~ ~Fwll ~~ae~eis~ naonabl~ e~r~ in th~ euq~ody and p~ev~tion of tM CollatK.l to tl+~ ~xt~m r~quind by •pplie~bl~
• statvl~.-and sh~ll b~ dNnrd b hw~ ~xMas~d naonabl~ ear~ if it t~lc~s weh ~dion for that pwpost as Mak~ shall n~aon~Wy erqusst - ;
- in writiep,.but ra anaston ta do any aet nat erqwst~d by 11Aak~r sh~ll b~ dMn~d • f~ilun ro~xsrcis~ na~on~bb un, aed no an+is-
- - sion to-aon~ply wNh any rp~~t of M~kN shall of it~lF b~ d~r»d a failun b~~a~ci» naonabl~ un. 8ank sfwil not b~ boirnd b ~
~ - t~lo~ ~nY' !Mp ~ P~~r+ ~1? rioiKS in th~ Cdla~~l ~0+~ P~~ P+~~ M+d Ma1cK shail takt ~II rno~ss~ry st~p~ ior wd~
~ purpow..•d~~it or i1s now~iM•nNd not ao(bef in1~eM1 an ar printipd oi ~ny Collal~r~t a Qiw any noeia~ with nsp~et fe M. -
_ If"thiCallM~a1 ~F+di-at aer?iee» b~oom'unialidaefory-b 9+nk. NWc~ sMll wi~hin a+~ day aflK-d~mM+d pbelq~ and d~po~it- `
~ _ --wHA b~ak'aa_prt aE th~-Coltal~ral add'~tiond ~prap~h whid? b s~tiaf+daY to B~nk.. _ _ . _ . _ - - - - - , ~
_ H Saek-dMwis ihdi inMCwr, o? upon 1M a~ of ~ey oi t!~ fdbwinq w«Mi, iah of whieh slwil eomtitul~ ~ d~fwk I~n-- - -
' _ und~r, alt Ilabilitta of Nth.M~k~r b d~nk sFrll tl~on or. tMnsfhr. at tM option of d++ik. wirhout notio~ or d~n+~nd. b~aoim dw . _
~ PM+~-(~ ti+rfaihw~tof any (whieh Nenr:hall• n~wr and Mdud~ ~aeh AAak~r. M+donu: su~fY. and puanntor d this
i nw~~b • P~efan~ +ef? +~N h~, b p~ i~+~~- FMera? wi~hin hn dhrs ~ft~r k is du~. or if 11~n b~ no dur dM~, ahw h- - -
~ is aii~o ot aAwrwi~ nqwsNd•ar d~n+w+dd, b p~r ary•a~l~ li~bility wh~so~ws to d~nk wMn du~f (b1 tM dwtfi of sny Obl' _
~ th~ Hlin~-d anY PNNion utd~r t!» Qankrupley Ad ar ~ny simflar f~deral or sta/~ stalut~, bY or inat anY Obliqor (dI ~n app~k+- - _
_ a :
f tion for 1M ~ppoi~nMeM of-a• rwivw fot, .tM tn~kin~ oi •Q~n~?
a1 assiqnnwea for fh~ b~n~fit of ito~s by, or tM ie?soiv~ney d any - ;
Oblbo~s 1!r ~n1ry oi a p~i ~at +nY Oblipws (fl 1M issu+n~ of any attschrn~m or pamisFwmM, w tM fil~np of ~ny li~n, - ~
~ _ imt.ary pr~op~ly of arry~ th~ takinq of poss~ssion of ~ny wbst~ntial part of tf+e prop~~ty of any Obliyor at th~ inst~
_ ~+ry1? 9vv~rTMnK+q~ +ulho~iM:(~
) tM dis~olution, nwrpK, oa~solidation, w no~niution of uw Obli~or, (7 th~ usqomsnt by any
~ MakN of ~ n y p
u i ry in a n of tl+~ Co11NNal witFwul th~ writt~n oons~rM of th~ Bank Each Obl i Q o r M n b y waiws a n
y n q u innwet of -
notia~ or d~n~d nfl~ctin~ wcb aoo~{eation iiao#~r as wch nquir«nent b~ in ~ddition ro tF+e msr~ ~x~ras~ of ~ny nerdy sffordd in ~
~ this NoN or tM i~tih~tion of wit by tM tMn holder.
8ank sh~ll h~w. but ~MII not b~ IimiNd to, th~ fotlowieq righq, e~ch of whicb m~y bi exKCis~d at ~ny tinw wF»tl+K o~ nof this ~
not~ ii du~: to dd0~ a tnnsh? H+is nW~ +nd the Collabral and Bank shall tMnupon b~ relievsd of all duties K+d responaibilitiss x
~ Mnund~r ~nd r~li~wd fran any ~nd all liabilily with respKt to sny Collateral so pl~d o~ transf~rnd, and any pl~d~N or tra~- ±
fe:~ shall fo? atl sbnd in tM pl~ of Bank MreurdK ~nd h~w all th~ r'~Qht~s of Bu~k herwnder: (i) to trsnsf~r the whol~
or~r~y put of tfw bhrd inlo th~ nam~ of its~lf or its nornin~e; (ii~ to vot~ the Collattral: (iv) to notify tM Obliqors of s~y Col- {
~ I~teral to rnab p~ym~nt to bn+k of arry arnou~+~s du~ or ro b~cane dw tMnon; (v) ro d~mand, s~s for, ooll~ct, or nuke s~ compro- t
mis~-or setti~ment it d~ems dtsirsbl~ with rtf~r~nos to the Collat~nl; and (v~ to tsk~ control of any proceeds of Cdl~t~n _
~ 8ank is he?~by yive~ ~ litn upon and s secwity int~rest in all propeify of e~ch Obliyw now or ~t aM tims here~fter in the pos- ~
seuion of Bank in aeY upxity whatwsver, including but not timiled to arry brlaao~ or sharo of any deposit, truat, or ag~~ty sccount,
as the security for tM psym~+
t of this nots, and a similar lien upon snd security int~resr i~ all suchp~ operty of e~ch Maker ss security ~
F fw the paym~nt of a{I othK l;abilities of each Maker ro Bank (ncludiny liabilities of each Maker and any other person); and Bank shall #
haw th~ san» ri9hn as to such prop~ny as it hss with respmu to the Collatersl. ~t
p u $
~ If Bs~k d~ert+s itself insicv?~ or upon the oavr~enos of any default here~nd~r 8ank shall have the fwedosure ~nd other remediss ~
~ of • s~cund party urder th~ Ueifonn Commsrcisl Cod~, o~ other applicable law and, without limiti ~he penerality of ths foreqoiny,
t nq
~ Bank shall havt th~ ripht, irtwn~diat~ly snd without funMr actioe by it, to set off against this note all money ow~d by Bank in any u-
pacity ro ead+ a sny AMker; ~nd if s~rch s~t off sF+all oocur, Bank shall .be deem~d to have exercised such riyht of xr oH snd to hsve
made a char~ a9ainst ar~r wch mo+ny immediaMly ~pon tM octurrence of such defauh even thagh such chsrye is mad~ or entered
~ on th~ books of 8ank wbs~pwm thereto. Unltss tht ~ollareral is p~rishabl~ a threat~ns to detlins speed~ly in valv~ or is of a typ~ ~
_ cu~tomsrily sold on • reooqniz~d mark~t, Bank will qiw Mak~r re~sonablt notice of the time and place o~ sny p~rblic s~le th~reof w d `
the tier~ sfte~ which u~y privat~ sal~ or say other intended disposition the.~of is to be made. The requirement of reawnable notics shslt ' #
~ be met if sud+ notiu is mailad, posqqe pr~paid, t0 i~ MiItK ~f th! ~dfl~33 qivM tefow w at any wher add?ess shown on th~ ret- f
; wds of the Bsnk, ~t bast fiw dsys befw~ tl+e tinN of th~ sal~ w disposition. Upor. disposition of any Cotlateral after the occurrencs '
r of amr default he.evnd~?, MakH shall be a~d rem~in liabl~ for any deficiency; ar+d 8ank shall acco~nt to Maker fw any surpl~s, b~t
~ Bank shall hsv~ th~ riyM fo apply all or any part of such wrplus (or to hold tl+~ s~me as • reserv~ a9ainst) sny and all oth~r liabilities
~ ~ Of fK~1 Of My ~I~i~CK f0 Bif1~C. , i
No d~la~r or omission on th~ part of Bank in ex~rcisinq any riqht h~r~vnd~r shall op~rate as a waivei of such riqht w of any othK *
~ right und~r this not~. Pres~ntrt~ent, demand, pro~~st, /1p1it~ of dishorar, ~~d extension,of ~ime without notice ar~ F?~~eby waived by ~
~ each a~+d w~ry Obliqor. TM Obliyws. IaMly and sever~lh, promise and aqree ro pay sll costs of colledion and reason~bl~ anorneys
~ fees (noe I~ss than 109L oi the principal swn) incwnd w paid by 8ank in ~nforciny this nae opon the occurr~nce of any d~favlr.
~ Any notio~ to MakK shall b~ wffici~ntly s~rwd fw all purposes ,f I~N upon or plac~d i~ th~ mail, postag~ pepaid, add.~ss~d to tF+~
~ ae~nis~s ~t rM addreu shown below or ar~y otF~er address shown on Bank's records.
~ Wherrver this eot~ is e,~~cvted by a co-m~ker a endon~r who is tM wife of s rn~ker or endws~r, the said wif~ dws h~.~by e:-
~ pressly atknowl~dp~ tM wi~Mn dtk» as Mr joiM and individwl debt.
Ead~ of Maker atknowl~Jpes r~oeipt of a complM~d topy of th~s ~ t!?e sbov~ date.
~ Addr~ss. ~ _
(S~d)
La ence L. Terry
~
i ~ (5.,~)
90RK PA~f rances N. Terry -
_ v.'~~"'_, ~ R_ ~ ~ . . - I
~
~ h ~ ~'"y=' .Y-~.
9 4'~
L'y
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